Prudential nemesis Robin Geffen says it is "inconceivable" the insurer can push on with its plan to acquire AIA after failing to lower the price of the deal.

Emerging markets are at risk of overheating and advanced economies face years of anemic growth and could face a ‘double dip', the economist known as Dr Doom warns.

The Bank of England is sitting on an £8bn net profit from its £200bn quantitative easing programme.

The FSA will commence an investigation into Gartmore manager Guillaume Rambourg to determine whether he met the regulator's standards of an approved person.

Invesco Perpetual's Neil Woodford, one of the largest investors in UK water companies, has warned the regulator's tough pricing risks driving shareholders away from the industry.

(Update) Prudential's proposed deal to acquire AIA appears doomed after AIG refused its revised offer of $30.375bn.

Henderson's Mark Harris has built a significant position in Middle East and African equities in his three multi-manager portfolios.

Odey Asset Management has launched a new balanced managed product as the group continues to develop its wealth management proposition.

Fidelity's Trevor Greetham has cut exposure to risk assets to the lowest level in a year across his Multi Asset range on signs global growth is peaking.

M&G's Richard Woolnough has initiated a number of derivative positions in sovereign bond markets to try and profit from the volatility caused by recent eurozone pressures.